Loans are offered with a repayment period of 3 months. Maximum APR is 96% per annum, with a one-time processing fee of 2%. For example, a KES 50,000 loan attracts a KES 1,000 processing fee, with KES 49,000 disbursed to the borrower. Total repayment over 3 months is KES 62,000, payable in 3 monthly installments of KES 20,666.
MwananchiGo digital lending application by Mwananchi Credit.